2016

Breakfast & Registration

Opening Remarks

Welcoming Remarks by 2016 Conference Chairs

• Brenda (Ballard) Austenfeld, President – National Property Practice, RT Specialty
• Cliff Hope, Head of U.S. Property & Casualty Insurance and EVP Chief Property Insurance Underwriter, Aspen Insurance

Keynote Address

• Rod Fox, Managing Partner & CEO, TigerRisk Partners

Megaquake: What could it look like? Where could it take place (outside US)? Ripple-effects: Tsunami.

• Maiclaire Bolton, Senior Product Manager, Global Earthquake Products, CoreLogic

The Risk Manager’s Perspective

Is this the best year to buy property cover? Risk managers discuss their decision-making process when buying property and property cat insurance.

• Richard Miller, Managing Director, U.S. Property Practice Leader, Aon (Moderator)
• Vincent M. Sultana, Vice President, Empire State Realty Trust, Inc.
• Steve Truono, VP, Global Risk Management & Insurance, Starwood Hotels
• Andrew Weisman, Managing Director, Risk & Insurance Management, Morgan Stanley

Morning Break

Track 1: Catastrophe

Track 2: Property

11:15am – 12:00pm / Alternative Capital: The ultimate disruptor?

Now standing at around 12 percent of overall reinsurance capacity – and rising – capital markets capacity is having a profound effect on the market. Affecting pricing, (re)insurance structures and the business model itself, is this capital the ultimate disruptor?

• Duncan Ellis, US Property Practice Leader, Marsh (Moderator)
• Cory Anger, Managing Director, Global Head of ILS Origination and Structuring, GC Securities
• Phil Balderston, Director, Risk Management, Amtrak
• Adolfo Peña, Partner, Nephila Capital

————————————–

12:00pm – 12:45pm / State Interventions into Catastrophe Risk

State cat pools are extremely important as a first/last payer in the event of a major natural catastrophe. Their existence enables more consumers to retain insurance, thereby closing the “Protection Gap” between the full economic loss of a catastrophic event versus the amount that is insured. How have these pools evolved? What have been the obstacles? What should be their role going forward?

• Daniel McElvany, Senior Vice President, Americas, Swiss Re (Moderator)
• Don Matz, President, Tower Hill Insurance Group
• John Rollins, Chief Risk Officer, Citizens

11:15am – 12:00pm / Flood: How to Make Your Company a Better Risk

Flood is a huge contributor to loss ratios in the property market – and flood claims continue to rise… This session will look at the science behind flood risk, identify where the losses are most prevalent and ask how companies with exposures in flood areas can best position themselves as a good risk to the insurance market. As technology and risk analytics become more sophisticated, insurance buyers are better equipped to quantify and assess their risks. The panel will assess how these developments are shaping the buying dynamic and ask if this is an opportunity for the excess and surplus lines (E&S) market to offer solutions?

• Cliff Hope, Head of U.S. Property & Casualty Insurance and EVP Chief Property Insurance Underwriter, Aspen Insurance (Moderator)
• Ben Beazley, President & Managing Director, RT Specialty
• Dan Freudenthal, President and Flood Practice Leader, CRIO Group
• Mohit Pande, Head Property Underwriting, Globals Desk, Swiss Re
• Carl Solly, Vice President and Chief Engineer, FM Global

————————————–

12:00pm – 12:45pm / Multinational Issues

An expanding international footprint is a competitive necessity for many companies. But assuring that adequate and compliant insurance coverage is in place throughout the world, and that risk engineering services and claims expertise is available locally, can be a challenge. This session will explore the issues of property risk management and insurance for multinational companies and will provide insight into best practices.

• Judy McInerny, Director of Risk Management, Corning Incorporated (Moderator)
• Christian Hunter, Practice Leader, Americas, Global Insurance Regulatory & Tax Consulting Practice, Marsh
• Mike Martin, EVP and General Manager, National Insurance Property, Liberty Mutual
• William Porter, Head of International Sales & Distribution, Zurich Global Corporate in North America

Conference Luncheon

Terrorism: The Global Threat Environment

Global commerce is increasingly a target of international terrorist groups, using a diverse range of methods to cause disruption to trade. This session will look at the threat landscape and assess how businesses can prepare for – and adequately respond to – terrorist activity including widespread illness, political and civil unrest or physical damage.

• Sal Lifrieri, President, Protective Countermeasures Inc.

Terrorism Cover in 2016: The Insurance Response

How are terrorism risks covered by the insurance industry? This session will address what first party coverage is available and how it is changing in response to the evolving threat environment. Panelists will also address TRIA, which renewed in 2015. What are the implications of this for buyers of property insurance? This session will highlight where cover falls for cyber extortion, intellectual property and tangible asset impairment.

• Wendy A. Peters, Executive Vice President, Financial Solutions – Terrorism and Political Violence, Willis Towers Watson (Moderator)
• Gus Green, Global Terrorism Specialist, AIG
• Mark Leverick, US Property Terrorism Leader, Aon
• Jennifer Rubin, Product Head – War, Terrorism & Political Violence, Hiscox
• Ben Tucker, Head of US Terrorism & Political Violence, Crisis Management, XL Catlin

Afternoon Break 

Cyber and Physical Damage

Should the property market cover physical damage arising from cyber events? This session will explore some of the grey areas in current property and stand-alone cyber policies and ask if/how BI and CBI losses are addressed. How can gaps be avoided for cyber-related physical damage losses? Panelists will also discuss the burgeoning Internet of Things. What are the benefits for buyers and carriers of more connected and intelligent buildings?

• Audrey Rampinelli, Vice President, Risk Management, Loews (Moderator)
• Oliver Brew, EVP, Global Head of Cyber Risk and Head of International Professional Indemnity, Aspen Insurance
• Garin Pace, Cyber Product Leader – Financial Lines & Property, AIG
• Bill Reed, Operations Claims Manager, FM Global

The View From the Top

A rare opportunity to hear top insurance executives discuss their perspectives on the property insurance market. Is there too much capacity? How should it be deployed? Is a price war the only way to win business in today’s property insurance environment? This session will hear from a panel of property carriers on the key drivers shaping their business today.

• Laureen Coyne, Manager, Risk Management, Westfield World Trade Center (Moderator)
• Paul Horgan, Chief Executive Officer, Zurich Global Corporate in North America
• John Lupica, Vice Chairman / President, North America Major Accounts & Specialty Insurance, Chubb Group
• Joe Tocco, Chief Executive Americas, XL Catlin

Closing Remarks & Reception